EGX Posts Collective Decline ... Market Cap Loses EGP 153 Bln

The Egyptian Stock Exchange (EGX) recorded a violent decline until the close of trading, Wednesday, pushing market cap to lose about EGP 153 billion.

The main index "EGX30" lost about 6.8%, closing at 28,281 points.

The EGX70 index for small and medium-sized stocks fell by about 8.84%, recording a level of 6326 points.

The broader "EGX100" fell by 8.87% to close at 8,985 points.

The total value of trading in shares reached EGP 8.39 billion, and the number of shares traded reached 207 shares, of which 9 shares rose, 164 shares declined, while 32 shares remained unchanged.

The market cap of listed shares lost about EGP 153 billion, closing at the level of EGP 1.968 trillion, compared to EGP 2.121 trillion at the previous closing level.

Egyptian and Arab investors' transactions tended towards selling at a net value of EGP 187.49 million and EGP 121 million, respectively, compared to net buying for foreign investors at a value of EGP 308.49 million.